An approximate calculation of optimal repair-cost limits under minimal repair

An approximate calculation of optimal repair-cost limits under minimal repair

0.00 Avg rating0 Votes
Article ID: iaor1995963
Country: Switzerland
Volume: 23
Issue: 2
Start Page Number: 119
End Page Number: 123
Publication Date: Dec 1994
Journal: Engineering Optimization
Authors:
Keywords: quality & reliability, stochastic processes
Abstract:

This paper examines optimal repair-cost limits for a Weibull-distributed time to failure and an exponential distributed repair cost. Bounds are derived for the optimal repair cost limit that minimizes the average cost per unit time for repairs and replacement. With those bounds, a simple algorithm is developed to obtain the optimal repair-cost limit. Numerical examples are given to illustrate the algorithm.

Reviews

Required fields are marked *. Your email address will not be published.